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SMM Nickel Market Daily Review (2012-10-23)
Oct 24,2012 09:42
CSTprice review forecast
Source:SMM
Mainstream prices of nickel from Jinchuan Group were in the RMB 122,300-122,500/mt range, and mainstream offers of nickel from Russia were between RMB 120,900-121,200/mt.
SHANGHAI, Oct. 24 (SMM) -- In the Shanghai nickel spot market, mainstream prices of nickel from Jinchuan Group were in the RMB 122,300-122,500/mt range, and mainstream offers of nickel from Russia were between RMB 120,900-121,200/mt.Trading sentiment improved due to dip-buying from downstream producers. However, traders were still cautious amid bearish sentiment. Although inquires from downstream producers increased, overall trading sentiment did not increase significantly.
Shanghai nickel spot price
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